New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    A man spends 25% of his monthly salary on Rent and 32%

    on Groceries. He invest remaining monthly salary in the ratio of 11: 5 in Mutual Funds and Fixed Deposits, If difference between his yearly mutual funds and fixed deposit amount is Rs 77400, then, find the amount he spends each month on Groceries products.
    A Rs. 12800 Correct Answer Incorrect Answer
    B Rs. 12000 Correct Answer Incorrect Answer
    C Rs. 12300 Correct Answer Incorrect Answer
    D Rs. 12500 Correct Answer Incorrect Answer
    E Rs. 12820 Correct Answer Incorrect Answer

    Solution

    Let the monthly income be 100% Total monthly salary spends on rent and groceries = 57% Remaining salary = (100 – 57)% = 43% ratio between mutual fund and fixed deposit = 11 : 5 Monthly income = 77400/12 = 6450 difference between mutual fund and fixed deposit ratio = 6 Therefore, 6 ≡ 6450 1 ≡ 1075 1075 × 16(11 + 5) ≡ 43% (1075 × 16)/43% ≡ 32% 1 ≡ {(1075 × 16)/43%} × 32% = Rs. 12800

    Practice Next

    Relevant for Exams: